International Breweries Plc was incorporated in December 1971 by its founder and first Chairman, Dr. Lawrence Omole in collaboration with some of his business associates, under the name International Breweries Limited. With adequate back-up having been provided by the initial corporate and private investors, the Company commenced production in December 1978 with an installed capacity of 200,000 hectolitres of TROPHY lager beer per annum. Following the increasing demand for its product, in December 1982 the Company embarked upon an expansion programme to increase its brewing capacity to 500,000 hectolitres annually.

To date, the Company's products are TROPHY lager beer and BETAMALT, a non alcoholic beve rage drink which came into production in 1988.

International Breweries Plc has a subsisting Technical Services Agreement with Brauhaase International Management GmbH (a wholly owned subsidiary of Warsteiner Group of Germany), which owns 60.01% equity in International Breweries Plc. It has been the Technical Partner of International Breweries Plc since inception and became the majority shareholder at the time of the last share issue of the Company.

To enhance its positive capacity and repay its budging loan, International Breweries Plc, one of the companies quoted on the Nigerian Stock Exchange has floated a public offer to raise additional N1.3 billion.